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Chinese travel agencies entangled in international intrigue
Chinese travel agencies have become entangled in the GlaxoSmithKline bribery case, accused of laundering half a billion dollars in illegal payments to Chinese officials by the British drugmaker.
GSK has been accused of transferring as much as 3 billion yuan ($489 million) to more than 700 travel agencies and consultancies, who then passed the money to Chinese officials and doctors.
The bribery, designed to boost sales and prices of GSK medicines in the huge and lucrative Chinese market.
Four senior GSK executives have been arrested; the Ministry of Public Security said they have confessed to bribery and tax evasion.
The People’s Daily newspaper said the travel agencies billed GSK for phony "conference services" and then used some of the money on bribes.
It it is unusual for the police to disclose so much information during an investigation, Reuters noted, and the fact that they have done so indicates they feel they have a solid case.
By Cheryl Rosen
Cheryl
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